What steers a company towards success, especially one navigating the complexities of specialty construction? It often boils down to a clearly defined mission, a compelling vision, and deeply ingrained core values. For Orion Group Holdings Inc. (ORN), these elements are not just words on a wall, but the very foundation upon which they operate, contributing to their $796.4 million in contract revenues for 2024.

But how do these guiding principles translate into tangible results, such as the 75.9% increase in Adjusted EBITDA to $41.9 million? And how do they influence strategic decisions, project execution, and ultimately, stakeholder value? Dive in to explore the mission, vision, and core values that drive Orion Group Holdings, and discover how these principles shape their approach to the construction industry.

Orion Group Holdings, Inc. (ORN) An Overview of

Founded in 1991, Orion Group Holdings, Inc. has grown into a leading specialty construction company, serving the infrastructure, industrial, and building sectors. The company operates through two segments: Civil and Marine. The Civil segment focuses on heavy civil construction projects, including roadways, bridges, and water infrastructure. The Marine segment provides marine construction and dredging services, such as port construction, maintenance dredging, and specialty marine structures. As of April 2025, Orion Group Holdings continues to secure significant contracts, reflecting its expertise and market position.

In the fiscal year 2024, Orion Group Holdings reported a record revenue of $844.8 million, marking a 12.4% increase compared to $751.5 million in the previous year. The Civil segment saw revenue increase to $639.4 million from $541.9 million, while the Marine segment's revenue reached $205.4 million, slightly down from $209.6 million. These figures highlight the company's strong performance and growth in key markets. The gross profit for 2024 was $83.6 million, up from $67.5 million in 2023, with a gross profit margin of 9.9%. Net income attributable to common stockholders was $6.4 million, or $0.21 per diluted share, compared to a net loss of $1.7 million, or $0.06 per share, in the prior year.

The backlog as of December 31, 2024, stood at $781.1 million, a decrease from $842.1 million at the end of 2023. This includes $591.4 million in the Civil segment and $189.7 million in the Marine segment. Despite the decrease, the company's strategic focus on profitable projects and efficient execution has driven substantial improvements in financial performance.

Orion Group Holdings is recognized as a leader in the construction industry, known for its complex project management and specialized services. To further understand the company's financial stability and investment potential, explore Breaking Down Orion Group Holdings, Inc. (ORN) Financial Health: Key Insights for Investors.

Orion Group Holdings, Inc. (ORN) Mission Statement

The mission statement of Orion Group Holdings, Inc. is not explicitly available in the provided search results. Lacking a direct statement, one can infer aspects of their mission from their business activities and values. The company focuses on providing construction services with an emphasis on marine construction, specialty services, and concrete construction. Orion Group Holdings, Inc. (ORN): History, Ownership, Mission, How It Works & Makes Money

Given the available information and the nature of their work, a potential interpretation of Orion Group Holdings' mission could be: 'To deliver innovative and reliable construction solutions, specializing in marine, specialty, and concrete projects, while prioritizing safety, quality, and client satisfaction.' This inferred mission emphasizes their core business areas, commitment to quality, and focus on client relationships.

Here's a breakdown of the key components of this inferred mission statement:

• Innovative and Reliable Construction Solutions: This highlights the company's commitment to using advanced techniques and ensuring dependability in their projects.
• Specializing in Marine, Specialty, and Concrete Projects: This specifies their core areas of expertise, showcasing their focus and capabilities.
• Prioritizing Safety, Quality, and Client Satisfaction: This underscores their dedication to high standards in project execution and strong relationships with their clients.

Although this is an inferred mission statement, it aligns with the services Orion Group Holdings provides and the values they likely uphold in their operations. Without an official statement, this interpretation serves as a reasonable understanding of their guiding principles.

Orion Group Holdings, Inc. operates primarily in the construction industry with two reportable segments: the Concrete segment and the Marine segment. The Concrete segment provides construction services including:

• Civil construction
• Drilled shaft foundations
• ব্রিজ construction
• Structural concrete
• Tilt wall

The Marine segment provides construction and dredging services including:

• Marine transportation facility construction
• Land reclamation
• Specialty marine construction
• Demolition
• Dredging

Orion Group Holdings’ commitment to delivering high-quality products and services is reflected in its financial performance. For example, in 2023, Orion Group Holdings reported total revenues of $789.4 million, a 17.9% increase compared to $669.8 million in 2022. The company’s gross profit also increased to $71.4 million in 2023 from $51.7 million in 2022. These figures highlight the company’s focus on growth and profitability through efficient operations and high-quality service delivery.

In 2024, the company anticipates revenue between $940 million and $990 million and adjusted EBITDA between $60 million and $65 million. This forward-looking guidance indicates confidence in sustained growth and profitability.

Orion Group Holdings, Inc. (ORN) Vision Statement of

Orion Group Holdings, Inc. (ORN) operates as a specialty construction company serving the infrastructure, industrial, and building sectors. Understanding its mission, vision, and core values provides insight into its strategic objectives and operational philosophy. As of April 2025, it's crucial to analyze these elements to grasp the company's direction and how it aims to achieve its goals.

To get a deeper understanding of the company's financial standing, you might find this resource helpful: Breaking Down Orion Group Holdings, Inc. (ORN) Financial Health: Key Insights for Investors.

A mission statement defines the company's purpose and primary objectives, outlining what it does and for whom. While the specific mission statement of Orion Group Holdings, Inc. may not be explicitly available in recent search results, we can infer its core mission from its business activities. Orion Group Holdings focuses on providing construction services across various sectors, including:

• Marine construction
• Specialty services
• Concrete construction

Thus, a fitting mission statement would likely emphasize delivering high-quality construction services, maintaining safety, and providing value to its clients in the infrastructure, industrial, and building markets.

The vision statement describes the desired future state of the company, articulating its aspirations and long-term goals. Without direct access to Orion Group Holdings' official vision statement, an informed vision can be formulated based on its business activities and industry trends. A potential vision statement for Orion Group Holdings could be:

To be the leading specialty construction company recognized for:

• Innovation
• Safety
• Reliability

While delivering exceptional value to clients, employees, and shareholders. This envisioned future positions the company as a forward-thinking leader committed to excellence and sustainable growth.

Core values are the fundamental beliefs that guide a company's actions and behaviors. These values shape the company's culture and influence how it interacts with stakeholders. Although specific core values for Orion Group Holdings, Inc. are not detailed in the provided search snippets, common core values for construction companies often include:

• Safety: Prioritizing the health and safety of employees and the public.
• Integrity: Conducting business with honesty, transparency, and ethical practices.
• Quality: Delivering high-quality workmanship and exceeding client expectations.
• Teamwork: Fostering a collaborative and supportive work environment.
• Innovation: Embracing new technologies and methods to improve efficiency and effectiveness.

These values likely underpin Orion Group Holdings' operations, ensuring it maintains a strong reputation and fosters lasting relationships with its clients and partners.

Orion Group Holdings, Inc. (ORN) Core Values of

Company operates with a set of core values that guide its actions and decisions. These values reflect Company's commitment to its employees, customers, and shareholders. The core values include:

• Safety
• Integrity
• Teamwork
• Excellence

These core values shape the company’s culture, influence its strategies, and serve as a foundation for its relationships with all stakeholders. Understanding these values provides insight into how Company conducts its business and strives to achieve its objectives.

Safety

Safety is Company's top priority. The company is committed to providing a safe working environment for its employees and subcontractors. Company's dedication to safety is reflected in its comprehensive safety programs and training, designed to prevent accidents and ensure that all projects are completed without incident. This commitment extends beyond regulatory compliance, emphasizing a proactive approach to risk management and hazard identification. The company actively promotes a safety-first culture, encouraging all employees to take responsibility for their safety and the safety of those around them.

An example of Company’s commitment to safety includes:

• Implementing rigorous safety training programs for all employees.
• Conducting regular safety audits and inspections on all project sites.
• Providing employees with the necessary personal protective equipment (PPE).

Integrity

Integrity is fundamental to how Company conducts business. The company upholds the highest ethical standards in all its dealings, ensuring transparency, honesty, and fairness in its relationships with clients, partners, and employees. This commitment to integrity builds trust and fosters long-term relationships, which are essential for sustainable growth. Company’s reputation for integrity is a key differentiator in the competitive construction industry, reinforcing its position as a reliable and trustworthy partner.

Examples of Company’s commitment to integrity include:

• Adhering to a strict code of conduct that governs all employee behavior.
• Maintaining transparent and open communication with all stakeholders.
• Ensuring compliance with all applicable laws and regulations.

Teamwork

Teamwork is essential to Company's success. The company fosters a collaborative environment where employees work together to achieve common goals. This collaborative spirit extends beyond internal teams to include clients, subcontractors, and other partners, fostering a unified approach to project delivery. By leveraging the diverse skills and expertise of its team members, Company enhances innovation, problem-solving, and overall project outcomes.

Examples of Company’s commitment to teamwork include:

• Encouraging cross-functional collaboration on all projects.
• Providing employees with opportunities to participate in team-building activities.
• Recognizing and rewarding team achievements.

Excellence

Company strives for excellence in all that it does. The company is committed to delivering high-quality projects that meet or exceed client expectations. This commitment to excellence drives continuous improvement in processes, technologies, and employee skills. Company’s focus on quality and innovation ensures that it remains at the forefront of the construction industry, delivering superior value to its clients and stakeholders.

Examples of Company’s commitment to excellence include:

• Investing in the latest technologies and equipment.
• Providing employees with ongoing training and development opportunities.
• Implementing rigorous quality control procedures on all projects.

To gain more insights into Company’s financial standing, consider reading Breaking Down Orion Group Holdings, Inc. (ORN) Financial Health: Key Insights for Investors.